Food for thought!

Aridni has a thought-provoking observation on financial bloggers - what do you focus on, and is that what you should be looking at?

Instead of counting the fluctuating pennies in our Coca Cola stocks, we should, as financial bloggers, be looking for a way to make investments toward the future.
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We should be finding ways to establish money-generating avenues that can multiple for the future, not necessarily for today

Judging from the discussion, it’s struck a chord - some commenters argue that it’s the big steps that matter, others talk about the importance of the daily pinch.

However, let’s not forget one important truth - it isn’t enough to make millions, what matters is keeping them. Bankrate’s story on lottery winners who ended up with less drives that lesson home. Not to mention that the Next Big Thing could turn out to be the next big dud.

One point which I’d agree with is that exclusively focusing on penny pinching, without actively looking for growth, yields lower results. But jumping the other way - searching for big returns, and neglecting the daily grind - can also be a recipe for disaster.

Not to mention that caviare and roast beef rarely turns out to be a daily diet - you need your veggies and stew too!

Written by 2cworth on September 20th, 2006 with 1 comment.
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